The results reflect an improved cost control strategy.
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Luckin launching juice business in China with European partner, LDC
The coffee upstart is expanding aggressively across product categories and markets.
Luckin Coffee testing self-service coffee machines
Users can locate the nearest coffee machine and place an order through the Luckin app.
Luckin Coffee eyes markets in Middle East and India with Americana partnership
Luckin’s expansion to the Middle East and India extend its competition with Starbucks to more markets.
Starbucks rival Luckin Coffee files for US IPO
The IPO filing comes less a week after the company’s $150 million Series B+ that raised its valuation to $2.9 billion.
Luckin reportedly seeking Ele.me tie-up for deliveries amid profit pressures
The news also immediately comes after a delivery partnership between Luckin and Meituan was announced in December 2018.
Briefing: Starbucks China challenger Luckin aiming for $586.5 million IPO
The IPO filing comes a week after the company’s $150 million Series B+ that is raised at a valuation of $2.9 billion.
Briefing: Starbucks China rival Luckin upsizes US IPO to raise $561 million
Its rapid, capital-fueled growth and widening losses leave the question of sustainability open for debate.
Coffee upstart Luckin raises $150 million in Series B+, valuation now $2.9 billion
The funding is raised at a valuation of $2.9 billion, up from $2.2 billion in December.
Coffee Box, another Starbucks challenger, raises RMB 200 million
Coffee Box began by offering delivery services from coffee chain brands including Starbucks.